4936 Palmer ST , Dearborn, MI 48126
Est. $1,118/mo with current taxes · · See the breakdown
About this home
Located in a beautiful, highly desirable Dearborn neighborhood, this property provides an exceptional location close to popular schools, shopping, and everyday conveniences. Set within a welcoming community, the home presents an opportunity for buyers or investors to add value in an area with lasting appeal. The property will need TLC, repairs, and renovations. With improvements and a vision, this home has the potential to shine in a location that is hard to beat. PS- There is currently a tenant living in the property who is aware of the imminent sale.
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 50.87 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $120,000 |
| Beds | 2 |
| Baths | 1 full |
| Square feet | 876 |
| Type | Single family residence |
| Subdivision | SCHAEFER HEIGHTS SEC 13 |
| County | Wayne |
| MLS # | 20261087238 |
| Listed | 2026-10-28 |
| Days on market | 0 |
| Year built | 1928 |
| Possession | Negotiable |
| Stories | 1 story |
| Basement | Full, Unfinished |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Block |
| Garage spaces | 1.0 |
| Water / Sewer | City water & sewer |
| Parcel number | 32820913202028 |
| Listing office | Beycome Brokerage Realty LLC |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $42,189 | about $60,000 |
| Yearly property tax | $2,229 | about $3,052 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $823 a year more than this seller pays. The assessor's state equalized value (SEV) is $88,800. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Dearborn's 2025 homestead rate of 50.87 mills and assumes you claim the homestead exemption. See Dearborn's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-10-28T20:20+00:00; refreshed at least twice daily.